Said Christopher Papa, Post's EVP and CFO, "Through the transactions announced today, we have completed the refinancing of all our scheduled 2009 debt maturities, taking advantage of attractively priced agency debt
Commitments to purchase agency debt
and MBS by the Federal Reserve and Treasury have improved liquidity in GSE debt.
6 million in unrestricted cash and investments, $360 million was invested in highly liquid money market accounts or federally backed agency debt
AIMCO has an adequate Fitch risk adjusted capital ratio for the rating category reflecting its reasonable debt levels, the relatively more stable multifamily sector, and access to additional sources of capital through agency debt
Eligible assets include residential and commercial mortgage backed securities (RMBS & CMBS), collateralized mortgage obligations (CMOs), collateralized debt obligations (CDOs), asset backed securities (ABS), agency debt
, municipal bonds, and U.
The company plans to fund these investments with a mix of long-term government development agency debt
and internal cash.
has been issued for natural resources, corrections, underground storage tanks, school infrastructure, and economic development and is supported by various fees, including gaming and lottery revenues.
Excluding revenue-supported agency debt
, tax-supported debt totals about $1.
Despite these challenges, Fitch expects credit quality in this sector to remain stable given the expected growing long-term demand for public transportation services, the gross lien on one or more dedicated tax sources that typically secure transit agency debt
, and these systems' track record of carefully managing their financial operations.
Bye held senior coverage roles in the sovereign, supranational and agency debt
capital market business and most recently, headed its global public sector syndicate.
Vanguard is changing the mix of investments in three government bond funds and their ETF counterparts, moving away from agency debt
and solely into Treasuries, starting in the fourth quarter.
to reinvest "principal payments from its holdings of agency debt
and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction".